Two large Northwestern Mutual practices merge

Two large Northwestern Mutual practices merge
The combination of the two New York-based firms, Park Avenue Capital Planning and Strongpoint Wealth Advisors, creates a wealth manager overseeing more than $1 billion.
JUN 16, 2022

Park Avenue Capital Planning and Strongpoint Wealth Advisors, two New York-based wealth managers affiliated with Northwestern Mutual, are merging to create Park Avenue Capital, which will manage more than $1 billion in assets.

Ben Feldman, president of Park Avenue Capital Planning, and Peter Tiboris, president of Strongpoint, will continue to manage the combined firm.

"Together, through Park Avenue Capital, Peter and Ben are combining two of the more successful practices in our industry into a firm with exceptional capabilities and the capacity to accelerate the impact they are creating for clients," Loren Morris, vice president of adviser practices at Northwestern Mutual, said in a statement.

Scared to hold bonds as rates rise? Try an annuity for size

 

Latest News

RIA moves: Modern Wealth tops $8.5B AUM as Aspen expands in Connecticut
RIA moves: Modern Wealth tops $8.5B AUM as Aspen expands in Connecticut

Modern Wealth's latest deal for a California-based fee-only RIA marks its fourth acquisition of 2025.

Empower defends private market access in 401(k)s in response to Warren scrutiny
Empower defends private market access in 401(k)s in response to Warren scrutiny

Sen. Warren has warned of private market investment risks due to opacity, illiquidity, and past regulatory issues.

AI is gaining traction with buy-side equity traders and may be an unstoppable force
AI is gaining traction with buy-side equity traders and may be an unstoppable force

Use of the technology is growing and asset managers see transformative benefits.

One fifth of Americans are expecting an inheritance but are too many relying on it?
One fifth of Americans are expecting an inheritance but are too many relying on it?

Research reveals expectation could be replaced by disappointment.

Farther debuts AI investment proposal tool for advisors to win clients
Farther debuts AI investment proposal tool for advisors to win clients

"Im glad to see that from a regulatory perspective, we're going to get the ability to show we're responsible [...] we'll have a little bit more freedom to innovate," Farther co-founder Brad Genser told InvestmentNews in light of relaxed AI regulations from the SEC.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.